Global PPE (Personal
Protective Equipment) market size is expected to exceed USD X.xx billion by
2023, growing at a CAGR between 7.5% and 8% over the period of 2017 – 2023.
Personal protective equipment is a safety gear, which can protect the user,
from the risks related to health and safety at workplace. PPE can prevent many
serious injuries, various illnesses, and exposure to chemical, electrical,
mechanical, physical, radiological, or some other hazardous conditions. Asper
the safety regulations in many countries, the employers in various industries
are bound to provide personal protective equipment to the workers, for ensuring
safety and wellbeing of the workers. There are specific instructions and
procedures for using PPE. Moreover, the PPE should be cleaned, maintained well
and stored at appropriate storage for reuse. Ear plugs, goggles, gloves, hard
hats,full body suits, insulated clothing, life jackets, respirators, safety
harnesses, safety footwear, waterproof clothing and weatherproof clothing are
some of the major personal protective equipment widely used in various
industries. PPE improves the working conditions and the productivity of the
workers. It can save companies lot of money by reducing the accidents to the
minimum and thereby avoiding huge payouts as compensations stipulated under
regulations. PPE find applications in industries such as chemical,
construction, food and beverages, oil & gas, manufacturing,
pharmaceuticals,and power among others.

Figure 1: Global PPE Market by Value 2015 - 2023

Market Insights

Huge investments in research
& development and focus on innovation to manufacture smart wearable safety
gears to improve the productivity as well as safety of workers by major
companies such as Honeywell Safety Products, 3M Company and some others
characterizes the global PPE market. Increasing awareness about safety at
work place, stringent regulations regarding the use of safety gears at work
place, increasing instances of compliance by companies in providing protective
equipment to workers and advancement in technologies drives the growth of the
global PPE market.

As injuries related to hand
account for a major portion of overall industrial injuries, the demand for hand
and arm protection equipment increased substantially and it drives the growth
of the global PPE market. Increasing investments in construction and
manufacturing industriesare expected to drive the demand for PPE, as many
activities in these sectors are physical in nature and involve risk of
injuries. Manufacturing industries accounts for largest share in terms of demand
for PPE. While the increasing construction activities in Asia Pacific and
middle east drives construction sector as the second largest second largest end
user segment in terms of demand for PPE. Respiratory protection equipment
garner significant demand from chemical, fire services, healthcare, law
enforcement & military, mining and some other industries, as the personnel
risk exposure to harmful chemicals , unhygienic air, smoke and other toxic
gases. Demand for chemical resistant garments is growing significantly,
especially from industries such as chemicals and petrochemicals, due to
increasing investments in those sectors, prevalence of life threatening
hazardous work environments and in order to meet the stringent regulations. The
demand for foot and leg protection equipment is also growing significantly, as
there is far more risk of injuries due to objects on the floor or falling from
top at workplace. Use of metatarsal guards, safety shoes, toe guards and other
safety guards could prevent many leg injuries. Protective clothing segment is
expected to grow significantly during the forecast period, as it provides
protection to workers working in hazardous conditions and due to the growth in
investment in various manufacturing industries. Focus on infection
control in healthcare sector is expected to enhance growth of demand for PPE.
Increasing production of automobiles is expected to drive the demand for PPE in
the automobile sector during the forecast period 2017-2023.

The major job cuts in
industries such as mining and oil & gas due to the slowdown in production
and increasing automation in various industries are major restraints of the
global PPE market. Increasing cost of raw materials, higher taxes and other
non-tax barriers are anticipated to be the major challenges of the global PPE
market during the forecast period 2017-2023. However, stringent regulations
regarding health and safety and increasing compliance by employers in various
industries are expected to provide more growth opportunities for major players
in the PPE market. Emerging economies present growth opportunities, as
increasing investments industrial and constructional sectors are expected to
generate lot of jobs involving hazardous working conditions.

The global PPE market covers
the analysis of geographies such as North America, Europe, Asia-Pacific and
RoW. In this section, the key trends and market size for each region is
provided over the period of 2017 – 2023.

Figure 2:
Global PPE Market by Region

Among geographies, Europe and
North America together account for major share in the global PPE Market.
Asia-Pacific is anticipated to be the fastest growing PPE market during the
forecast period 2017-2023. Stringent regulations in European Union for safety
of workers in various sectors, increasing awareness about need for safety and
increasing implementation in sectors such as construction,oil & gas,
manufacturing, services and transportation are the major factors that drive the
growth of the PPE market in Europe. Increasing instances of injuries at
workplace, stringent regulations regarding the use of safety gears and
compensation for employees in the case of injuries at workplace, and increasing
compliance by companies in sectors such as construction, chemicals, oil &
gas and manufacturing drives the demand for PPE in North America. The growing
investments in manufacturing and construction sectors, increasing awareness
about need for safety gears, and increasing instances of injuries
to workers in various industrial sectors in countries such as China, India,
& Vietnam drive the demand for PPE in Asia-Pacific region. Increasing
number of construction and manufacturing and need for compliance for safety of
foreign workers are expected to drive the growth of the PPE market in Middle
East.

The report provides deep
insights on demand forecasts, market trends and micro and macro indicators. In
addition, this report provides insights on the factors that are driving and
restraining the demand of PPE globally as well as regionally. Moreover,
IGR-Growth Matrix analysis given in the report brings an insight on the
investment areas that existing or new market players can consider.
Moreover, the study highlights current market trends and provides forecast from
2017 to 2023. We also have highlighted future trends in the PPE market that
will impact the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight on the market share of
the leading players. Additionally, the analysis highlights rise and fall in the
market shares of the key players in the market. This report will help
manufacturers, suppliers and distributors of the PPE market to understand the
present and future trends in this market and formulate their strategies
accordingly.

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